- The federal government has directed commercial banks to begin stamp duty deductions on loans by bank customers
- The directive says deposit money banks are to make 0.375% deductions on all loans by the bank customers
- The move is the sequel to other deductions by the banks on foreign currency transactions and electronic money transfer levy
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
The Nigerian government has asked commercial banks in Nigeria to deduct and remit 0.375% of all loan disbursements to bank customers.
